Bitcoin / Dollar intraday: the upside prevails as long as 110840 is support
Our pivot point stands at 110840.
Our preference:
The upside prevails as long as 110840 is support.
Alternative scenario:
Below 110840, expect 109660 and 108960.
Comment:
The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 110892 and 110355).